Comparative Cost of Renewable Power Generation in Europe: 2011

Key trends in this Data Insight include:

• Overall, renewable technologies in 2011 were at least 30% more expensive than wholesale power prices and continue to depend on government support.
• Despite the challenging economic environment, the cost of wind and solar technologies continued to decline thanks to rationalization of the supply chain and lower commodities prices.
• Looking ahead, reduced reserve margins, increasing carbon pricing pressure, and high commodities prices will maintain high wholesale power prices, positioning onshore wind to be cost-competitive with market prices.